Making sense of the selloff

re: Making sense of the selloff

Bill in Houston — Wed, 08 Jul 2009 15:11:58 GMT

Check out the 50 day moving average and 200 day moving average. Nearly ever stock on the Dow is trading below both. Ouch.

The sense of the selloff is this. The rally was a brief hiccup. Earlier I called it a bear market rally. Sure looks like just that.

What low do I see? Despite the supposedly rosy news from the IMF, I see a 7000 Dow again.

re: Making sense of the selloff

rob — Tue, 07 Jul 2009 18:22:10 GMT

To the guy that got in on the June high. PLEASE if the market deteriorates on bad earnings, take the hit and get out. you need to understand Dow theory and the cyclical nature of markets, especially bear markets. no an easy time to trade or invest

re: Making sense of the selloff

Jeromemj — Mon, 06 Jul 2009 18:20:53 GMT

You are playing with statistics. Wall Street had a better 1st quarter when they got bailed out and were able to keep their bonuses. If you are refferring to the percentage gain then you can statistically say that but if you are talking about long term business the quarter was one of the worst in 100 years.

You are the typical Excel spreadsheet 20 something fool. You don't have a clue about business or investing... just gambling. Your type needs to go and stay in prison for the cheating and lies you promote.

re: Making sense of the selloff

Bill in Houston — Mon, 06 Jul 2009 14:32:34 GMT

What did Wall Street have to celebrate? Whoop do doo, stocks had a good quarter but WHAT WAS THAT BASED ON? The meme that "things are going to get better" from the administration? "Good" news like the economy ONLY shed 600,000 jobs one month? Face it, there was little good news and the market rally was just a BEAR market rally. It is correction time. We had an AWFUL first six months, economically.

I wasn't really affected, being in bonds and cash, with silver coin as a supplement. Yeah, I'm sure I could have made a better return on the second quarter "rally" but I didn't like the constant up and downs.

I hope things turn around for the fourth quarter. I still see some little surprise sitting somewhere in the wings. Maybe there'll be another bank problem, or something else in real estate. I see interesting fluctuations in food commodities (wheat and maize again). I can handle 3% returns for now. I'm perfectly happy with them. I don't have to day trade with my portfolio like so many of my friends have been doing. I'm sitting on the sidelines waiting for the next shoe to drop.

re: Making sense of the selloff

Sean — Mon, 06 Jul 2009 11:27:54 GMT

I'm quite tired of the schizophrenia in the markets. The correction as retired old guy says has been already put in. The markets should trend sideways or slowly up, in my opinion. I'm an investor not a trader paying high taxes.

re: Making sense of the selloff

reTIRED Old Guy — Mon, 06 Jul 2009 05:29:33 GMT

Don't have a clue what you picked, but if you were looking for a quick buck YOU got in about 2-3 month's too late.

There has been a lot of money made from the 1st. of the year and since March.

Easy to say now, or be a Monday Morning Q-Back.

Biggest or major problem right now is there is little confidence; And it appears there are only TRADERS manipulating the markets with INVESTORS sitting outside on a pile of cash close to a trillion dollars.

If you are picking decent companies or good fundementals, just sit tight and your 20% could be back in a few weeks. The earnings numbers will set the tone the next couple weeks.

If you were just out buying pigs, then i wish you well and good luck. Also a little amazed that you waited until DOW was up about 1800-2000 and S&P was ahead almost 250 pts. before you put your feet back in the water. Hang tough.

re: Making sense of the selloff

Bruce Dinsman — Sun, 05 Jul 2009 11:43:50 GMT

Okay so help me out. What's a shoe string investor to do? I picked the wrong time to enter the market I guess? 20% down since entry Jun16. Bad choices all probably. If you are correct, there may be lots of folks like me looking to jump in but didn't perceive the bottom of the curve as the opportunity. All of the offers of assistance, including the brokerage comes at a cost.